Shinji Takeuchi, a Japanese man who started swimming at the age of 37, is the #1 watched swimmer on youtube. Blows Michael Phelps and Ian Thorpe out of the water. But why?

The theme throughout Ferriss’ book is that ordinary people can excel beyond the pack and achieve phenomenal tasks by knowing how to train instead of what to train.

I found myself thinking how relevant this information is for people wanting to learn or get better at investing.

A lot of investing blogs, books, papers and other materials tell you what to learn, but not how to learn it.

This simple concept can be the difference between struggling for years to break through a learning plateau and leaping through it into newfound confidence.

Too Many Big Ideas

As much as I admire Buffett, the only difficulty that I have with his letters, speeches and books about him is that there is no real practical information on how to invest for the small investor.

This goes for a lot of the value gurus. It is understandable because gurus have moved onto a different level and have different agendas. They don’t have the luxury of writing weekly newsletters or blogs to explain every detail.

This is why, when they do put out reports, books, paper, interviews etc, it is all based on big ideas. Nothing small and actionable enough for people like you and me to handle easily.

The Investment Gurus are Cursed

Ask the most muscular guy in the gym how he works out and do the same routine. It won’t work for you. The gym guy was born with great genes, while some people gain weight just drinking water and others find it difficult to gain and maintain muscle unless they consume 4,000 calories a day and ultimately become sick.

Same concept with the gurus. They may be gurus but they are cursed.

They have the curse of knowledge. They forget what it’s like to be a beginner.

I once listened to my vet talk for one hour about the structure of my dog’s teeth and the surgery involved. All I realized at the end was that my wallet was $1,000 skinnier.

Buffett is a great role model for analysts and investment managers, but not a relevant role model for retail investors who are trying to get to know more about their own stocks. He was born to be an investor, as this timeline of his life shows.

His words are gold, but it can confuse and mislead you unless you know exactly what context he is talking about. After he says something, there is still great debate about what he meant.

You need to find the Shinji Takeuchi’s of the investing world because you will learn exactly how to invest through these people.

There is no confusion. It’s just clear.

It’s people like Joe Ponzio of F Wall Streetthat you need to identify and cling to.

My Personal Story

If you are fairly new to old school value, you may have the wrong perception that I’m some smart numbers guy. That couldn’t be further from the truth.

I didn’t study in the USA, and if I converted my academic score to a GPA, it is probably between 2.5 – 2.8.

As you can see, I didn’t thrive in my studies. The world is full of people smarter and better than I.

Combine that with never having taken any finance, business, accounting or economics classes and it’s amazing to see how I got here.

It just turns out that the educational system does not suit my style of learning.

It was only after I figured this out, that things started to turn around because I found a method that worked for me.

So What’s my Secret?

I’m 18 years old and want to learn how to invest my money. How do I get started?

Here is the top rated answer.

Great advice?

If I was that 18 year old, would I follow that advice? Absolutely not.

Although the very first investing book I read was the Intelligent Investor, it was a horrible experience. I didn’t understand anything, the text was extremely dry and there was no practical advice that I took from it. The only thing I remember is the concept of Mr Market. Nothing else.

My secret?

It all came down to how I learned. Not what I learned.

I realized I needed to write notes to organize and clarify the jumble of information I had been reading. I started with this blog and publicly posted notes, articles and analyses for critique. I got slammed and chewed in the beginning, but it helped with learning and growing a thicker skin.

The second vital part was realizing that investing is extremely tedious and redundant. Being an efficiency nut, I needed a way to simplify and speed up repetitive tasks.

That’s when I started making excel spreadsheet models like the ones you can download for free by signing up with your email. In the process of building financial models, I combed through books and technical papers to understand how a specific model worked.

Figure out what your strength is and twist it in a way so that you can apply it to investing.

Know Your Strengths, Weaknesses and Situation and Take Advantage of It

Make investing relevant to your interests.

Just want get better at writing investment analyses?

Find a stock analysis style that you like, break it up into manageable sections, find the information and fill up the sections.

It will get better the more you do it.

Are you a small business owner?

Think of your business as a public company instead of a small family business.

Find public companies in the same industry and see how they run the business.

What key performance indicators are important?

Learn the strategies and competitive advantages

Go through your accounting books and try to convert it to a full set of financial statements

In no time, you’ll be an expert in your industry and will be confident in analyzing and investing in such companies.

Same thing applies to any day job. Don’t just do it. Think of yourself as the CEO and look at the bigger pictures.

Do You Handle the Money in Your Home?

Personal finance is just like a business. Think of your household as a business.

this is the most important investing article I’ve read. Like you, I started with Intelligent Investor and other classics but got almost none actionable ideas although I understand the concept. thank you for writing this blog. I’m your fan!

Jae! Awesome article! I relate to everything you just said… including the GPA score!

Handy tools, Mint.com for cash based house hold budgetingSoundgeko for turning artices into mp3, (great for walks).But do you trust your VA will take good notes/summary of 10K´s you may miss some important info

We are driven to provide useful value investing information, advice, analysis, insights, resources, and education to busy value investors that make it faster and easier to pick money-making value stocks and manage their portfolio.

Disclaimer: Old School Value LLC, its family, associates, and affiliates are not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on OldSchoolValue.com represent a recommendation to buy or sell a security. The information on this site, and in its related application software, spreadsheets, blog, email and newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. In no event shall OldSchoolValue.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any product, content or other material published or available on OldSchoolValue.com, or relating to the use of, or inability to use, OldSchoolValue.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related blog, email and newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way.